494 Island Avenue, Portland, ME 04108 (MLS # 1658995)

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PRICE $1,175,000 dsIDX morgage calculator
BEDS 2
BATHS 1
HOME SIZE 576 sqft
LOT SIZE 39,204 sqft

Here's your opportunity of a lifetime! This spectacular property is a truly rare offering with approximately 220 feet of ocean frontage overlooking Diamond Pass. Set well back from the road and perched along the shoreline, it captures sweeping, serene water views, sandy beach frontage (a rarity on the island), and a sense of peace and privacy that is increasingly hard to find. Whether it's mornings watching boats pass through the channel or quiet evenings at the water's edge, this is a setting that invites you to slow down and stay awhile. The existing home is ready for your vision--whether restoration, expansion, or reimagining. Whatever you choose, here's your opportunity to create something special in an extraordinary setting. Located near the island clubhouse and just steps from the water, there's potential for a mooring and possibly a dock (please verify). You're encouraged to perform your own due diligence regarding dock feasibility and accessory dwelling unit opportunities. It's rare to find this level of frontage, sandy beach access, and panoramic views in one property! Rarer still to have the opportunity to make it your own.

LAST UPDATED 4/23/2026 YEAR BUILT 1965
COUNTY Cumberland STATUS Active
PROPERTY TYPE(S) Single Family


ADDITIONAL DETAILS
AIR Heat Pump
AIR CONDITIONING Yes
APPLIANCES Electric Range, Microwave, Refrigerator, Washer
BASEMENT Interior Entry, Yes
CONSTRUCTION Shingle Siding
HEAT Baseboard, Heat Pump, Pellet Stove
LOT 0.9 acre(s)
LOT DESCRIPTION Waterfront
LOT DIMENSIONS 0.9
MLS STATUS Active
SEWER Septic Tank
TAXES 12369
UTILITIES Propane
VIEW Yes
VIEW DESCRIPTION Scenic, Water
WATER Public
WATER ACCESS Casco Bay, Atlantic Ocean
WATERFRONT Yes
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by Locations Real Estate Group LLC

Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved.

Additional school data provided by Onboard Informatics © 2026 Onboard Informatics. Information deemed reliable but not guaranteed.

Mortgage Calculator provided by Diverse Solutions © 2026

IDX data provided by Market Leader, courtesy of Maine Listings.

This IDX solution is (c) Diverse Solutions 2026.


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